Mortgage Loan Processor - Entry Level

Latitude Inc; Frederick (MD); On-site; USD 55,000 - 60,000; Full time

Job summary

A financial services firm in Maryland is seeking an Entry-Level Mortgage Loan Processor to join their team. In this role, you will assist with the loan processing function, including gathering and reviewing borrower documentation. Ideal candidates will have a high school diploma, attention to detail, and strong communication skills. This position offers a salary of $55,000 - $60,000 per year and is a great opportunity for those starting their career in the mortgage industry.

Qualifications

• High school diploma or equivalent is required.
• Strong attention to detail and organizational skills are essential.
• Excellent verbal and written communication skills required.
• Basic proficiency in Microsoft Office applications is necessary.

Responsibilities

• Assist in gathering and reviewing loan application documents.
• Verify accuracy and completeness of loan files according to guidelines.
• Communicate with borrowers and vendors to obtain necessary documentation.
• Maintain organized and up-to-date loan files in the processing system.
• Order and track third-party services such as appraisals.

Skills

Attention to detail

Organizational skills

Verbal communication

Written communication

Microsoft Office proficiency

Education

High school diploma or equivalent

Associate or bachelor's degree preferred

Job description

$55,000 - 60,000/year

We are seeking a detail-oriented and motivated Entry-Level Mortgage Loan Processor to join our team. In this role, you will support the loan processing function by assisting with the collection, review, and organization of borrower documentation to ensure timely and accurate loan submissions. This is an excellent opportunity for someone looking to start a career in the mortgage or financial services industry.

Responsibilities

• Assist in gathering and reviewing loan application documents, including income, assets, credit, and property information
• Verify accuracy and completeness of loan files in accordance with company and regulatory guidelines
• Communicate with borrowers, loan officers, and third-party vendors to obtain necessary documentation
• Maintain organized and up-to-date loan files in the processing system
• Order and track third-party services such as appraisals, title reports, and verifications
• Identify missing or inconsistent information and follow up as needed
• Ensure compliance with internal policies and federal/state lending regulations
• Provide status updates to loan officers and team members
• Support processors and underwriters with administrative tasks as needed

Requirements

• High school diploma or equivalent required; associate or bachelor’s degree preferred
• Strong attention to detail and organizational skills
• Excellent verbal and written communication skills
• Basic proficiency in Microsoft Office (Word, Excel, Outlook)
• Ability to manage multiple tasks and meet deadlines in a fast-paced environment
• Willingness to learn mortgage industry guidelines and systems